BofA Securities Downgrades Lucid to Underperform, $1 Price Target
- Rating
- Sell
- from Neutral
- Target
- $1
- Outcome
- Reached
- on January 20, 2026
What the analyst said
BofA Securities analyst John Murphy downgraded Lucid Group Inc.
(NASDAQ: LCID) from Neutral to Underperform with a price target of $1.00 (from $3.00).
“Future products may be delayed or never come to fruition, putting longer-term volumes at risk. For this reason, we cut our volume estimates, pushing out the timing of achieving positive gross profit.
We had been particularly optimistic about the Mid-size platform launch in 2026 (called the Space), which in our view would have helped the company achieve scale.
However, the completion of that product and others in the future are highly suspect.
Furthermore, given the current turmoil at the company, well informed consumers may opt to purchase other EVs, putting volumes at further risk.”
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Where the price stands
LCID trades at $3.79. The 5 analysts who set a target in the last 3 months range from $5 to $11, with a median of $7. This $1 target is 86% below the median, the lowest on the Street.
Since the note LCID has moved −85% (from $26.10). The 12-month window closed on February 26, 2026.
Track record
This call✓ Target reached on January 20, 2026, 11 months after the note. Prices are split-adjusted.
Firm track recordBank of America: 81% of its 21 targets at least a year old were reached within 12 months (#14 of 20 firms); on Lucid, 3 of 3. Accuracy ranking →
Bank of America on Lucid
Bank of America price targets on Lucid
5 calls from February 26, 2025 to March 4, 2026. The target stayed at $1. The rating stayed Sell.
- March 4, 2026Kept the $1 targetSell$1
- August 6, 2025Kept the $1 targetSell$1
- July 17, 2025Kept the $1 targetSell$1
- May 7, 2025Kept the $1 targetSell$1
- February 26, 2025 This noteEarliest call shownSell$1
Targets are adjusted for the 1-for-10 reverse split on Sep 2, 2025, so every call is in the same share terms as this note.
